Sterling struggles to recover amid gas crisis and structural issues
0704 GMT – The pound is struggling to rally significantly even as markets raise expectations for an interest rate hike for the Bank of England, Commerzbank said. “One of the reasons for this is probably that the gas crisis is also affecting the UK,” Esther Reichelt, a currency analyst at Commerzbank, explained in a note. “Additionally, the pound is affected by structural issues.” The effects of Brexit have not been overcome and the British Conservative Party leadership race and resulting uncertainties over fiscal policy carry additional risks, Reichelt said. GBP/USD rises 0.1% to 1.1719 and EUR/GBP falls 0.1% to 0.8531. ([email protected])
Bigblu Broadband 1H Adjusted profit stable, revenue increased after strength in Australia
Bigblu Broadband PLC said on Tuesday that adjusted profits were flat for the year and revenue increased due to the strength of its Australian business and lower churn.
Bunzl 1H profit before tax, sales up; Raises operating margin expectations for 2022
Bunzl PLC said on Tuesday that its first-half profit and pretax revenue increased, driven by both acquisitions and organic growth, and that it raised its operating margin guidance for the entire business. ‘year.
Surface Transforms wins £13m contract from Battery-EV company
Surface Transforms PLC announced on Tuesday that it has been selected as a Tier 1 supplier of a carbon-ceramic brake disc for a battery electric vehicle company.
Insig AI draws £240,000 from loan deals
Insig AI PLC said on Tuesday that a further 240,000 pounds ($280,968) of two convertible loan facilities had been drawn down.
Diurnal Group agrees to high-premium $56.5 million takeover by Neurocrine Biosciences
Diurnal Group PLC announced on Tuesday that it has agreed to a £48.3 million ($56.5 million) takeover by Neurocrine Biosciences Inc.
CFO of DP Poland resigns
DP Poland PLC announced on Tuesday that Chief Financial Officer Malgorzata Potkanska will step down with effect from September 30.
Joules says discussions with Next remain positive, in place
Joules Group PLC said on Tuesday it continued to be in talks with Next Plc about a potential equity stake in the company and using Next’s total platform services to support its plans to expand. expansion.
Revolution Beauty shares to be suspended due to delayed fiscal 2022 results
Revolution Beauty Group PLC said on Tuesday that its shares will be suspended from AIM trading from Thursday because it will not be able to release its audited results for the 2022 financial year on Wednesday.
Braemar Shipping Services Boosts FY2023 Profits on Exceptionally Strong Trading
Braemar Shipping Services PLC said on Tuesday it raised its expectations for 2023 underlying operating profit after recording unusually strong transactions in the first five months.
Centralnic moved to a pre-tax profit in the first half as revenue increased due to organic growth
Centralnic Group PLC said on Monday it had moved to a pre-tax profit for the first half of 2022 as revenue rose on continued organic growth supplemented by acquisitions, and was at the upper end of the forecast. board of directors.
Biffa and Energy Capital further extend the takeover decision deadline
Biffa PLC said on Tuesday that the deadline for private equity firm Energy Capital Partner LLC to make a formal offer or walk out of takeover talks has been further extended.
Dechra Pharmaceuticals buys US veterinary pharmaceutical group Pharmex for $260 million
Dechra Pharmaceuticals PLC on Tuesday announced that it has acquired California-based veterinary pharmaceutical maker Pharmex, Inc. for $260 million, debt-free and cash-free.
Contact: London NewsPlus; [email protected]
(END) Dow Jones Newswire
August 30, 2022 03:21 ET (07:21 GMT)
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